MicroStrategy (NASDAQ:MSTR) Trading 4% Higher – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) rose 4% on Tuesday . The stock traded as high as $357.37 and last traded at $353.77. Approximately 17,213,928 shares changed hands during trading, an increase of 2% from the average daily volume of 16,852,682 shares. The stock had previously closed at $340.00.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSTR. Benchmark upped their price objective on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. TD Cowen increased their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Canaccord Genuity Group upped their price objective on MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein dropped their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Finally, Barclays boosted their price objective on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $271.13.

MicroStrategy Price Performance

The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $72.26 billion, a price-to-earnings ratio of -167.90 and a beta of 3.05. The stock’s 50-day simple moving average is $187.38 and its two-hundred day simple moving average is $159.91.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter in the previous year, the company earned ($8.98) earnings per share. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year.

Insider Buying and Selling at MicroStrategy

In other news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,788 shares of company stock worth $29,895,333 over the last quarter. 13.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in MicroStrategy in the first quarter valued at approximately $58,000. Swiss National Bank grew its stake in shares of MicroStrategy by 22.2% during the first quarter. Swiss National Bank now owns 29,200 shares of the software maker’s stock worth $49,773,000 after purchasing an additional 5,300 shares in the last quarter. Sei Investments Co. increased its holdings in MicroStrategy by 36.3% in the first quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock valued at $980,000 after buying an additional 153 shares during the last quarter. ProShare Advisors LLC raised its stake in MicroStrategy by 31.2% in the first quarter. ProShare Advisors LLC now owns 3,137 shares of the software maker’s stock valued at $5,347,000 after buying an additional 746 shares in the last quarter. Finally, Wealthquest Corp acquired a new stake in shares of MicroStrategy during the 1st quarter worth about $341,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

About MicroStrategy

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.